Posts Tagged ‘Hummer’
General Motors announced that the deal with Chinese firm Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. to purchase the HUMMER brand cannot be accomplished and so the brand shall be folded.
The deal with Tengzhong was thought to be the savior of the GM brand and about 3,000 jobs ranging from engineering, dealership, and manufacturing in the United States. The plan also had provisions for the Chinese company to infuse a ton of funding for future programs and products of HUMMER. This includes the possibility of the compact H4.
The chances of the sale weakened as a result of several factors. The sales figures of HUMMER are very poor plus the concern of the market today for the environment, and the economic meltdown. The left hook, right straight, uppercut combination was just too much and knocked out the deal.
GM assured the public that they will continue to honor warranties issued to HUMMER owners. You also don’t have to worry about spare parts and support if you are an owner of this hard edged metal truck.
The call for greener vehicles was one major factor with the declaration of Chapter 11 of General Motors serving as final blow to HUMMER.
The chance to save HUMMER is defined as impossibile. It is a clear flatline. We pay our respects.
HUMMER.
1999-2010.
It has been on the news for several months now but finally the talks between Hummer and Chinese company Sichuan Tengzhong has reached an agreement. 
General Motors inked the deal with Tengzhong which allows the latter to acquire the premium brand Hummer.
Hummer is a very strong brand when it comes to the all terrain vehicle brands, and the deal with the Chinese company marks a milestone for both General motors and Hummer. The brand is seeing a bright future ahead with the management and design expertise of Hummer that will be utilized with the capital coming from Tengzhong.
The Hummer brand has known to be among the leaders of the American pack, but owners of Hummer need not worry about the acquisition. The Chinese company will keep the global head office of Hummer near Detroit since Michigan issued a tax credit of about $20.6 million to the new owners.
Following the filing of bankruptcy last Monday, GM announces the advanced negotiations with Tengzhong Heavy Industrial Machinery Company of China about the possible sale of the Hummer brand.
The American car manufacturer has announced the inevitable fate of the Hummer brand mid of last year. Hummer suffered primarily because of the recession brought about by the global credit crunch. Sales also dropped due to growing concerns about the environment.
The two parties have signed a memorandum of understanding. The talks might enter the closing phase by the third quarter of 2009 where GM and the Chinese company will agree on the regulatory approvals.
Sealing the deal will mean about 3000 jobs in the US manufacturing sector, car dealerships, and engineering. The Tengzhong has also plans of injecting massive funding into the Hummer brand including production of a compact H4.
The Hummer has been a long time
favorite of car lovers and they have been grabbing it up ever since this luxury vehicle converted from an armored vehicle was released to the general market by the military. However many of them feel both worried and ashamed because of the gas guzzling capabilities of this car. It consumes a lot of fuel, lots more than the average car and this means that it also release that much extra amount of CO2 gas. Not only is fuel extremely costly nowadays and this makes driving the Hummer costlier when compared to ordinary cars, the carbon dioxide emissions of this vehicle make it an embarrassment for its owners.
This is the main reason why they are looking forward to run their Hummer of alternative car fuels to help reduce the amount of CO2 emissions and at the same time save themselves on fuel costs. Though there are special replacement kits available in the market that permits one to run their normal fuel car on biodiesel, the lovers of Hummer cars, especially those that are planning to purchase one in the near future, will be delighted to hear the company manufacturing it has announced the release of a biodiesel version in the near future. Now Hummer owners can stand up proudly and drive their favorite cars in the knowledge that they too are helping to protect the environment and at the same time are also protecting their bank account.
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High speed Hummer H2 Cop Car, tuned by GeigerCars for a Texan Sheriff who obviously wants to look like a true badass!
Via Hummer H2 Police Car.